I always wondered why anyone would invest in Moodys
. Well, looking at its trend lines
, its consistent ranges, stability and growth with the prevailing market sentiment, it seems like an almost no-brainer as to why you'd start and hold a position in it. While it's hard to want or even give a PT for the stock, it has weathered this year well and should return to $170 levels without problem. In a year where people want to avoid stability and find good hiding places, MCO
might just be that. I'd personally ride this one out to $175-180 before taking gains and watching for a new range, ala 2016, to trade within depending on how this year unfolds into 2019.